10.30.12, 14:51–HSBC Israel’s CEO Yehuda Levi is stepping down, Calcalist has learned.
Levi, who has headed HSBC Israel since its inception in 2001, agreed on the terms of his resignation after feeling there was nothing more for him to do at the bank.
He will likely be replaced by Michael Israel, head of investment banking at HSBC Israel. Before joining HSBC, Michael Israel held senior positions at Edmond Safra’s Republic National Bank of New York and The First International Bank.
Levi is highly regarded by Israel’s financial community following HSBC’s success under his leadership; however, the bank has been hit by a wave of resignations in it senior ranks, in favor of positions in recently opened local branch of Julius Baer and in UBS’s Israeli desk…Read More>>